In 2007, accountancy giant Deloitte came up with a scheme to prune back its ageing workforce; dole out golden handshakes to older partners and clear the decks for younger talent to come through. The move was prompted by the firm’s concern that too many of its 60 partners were too old, had not kept up to date technically and were having a negative impact on growth. According to legal filings, some were even deemed a danger to the practice. A “Voluntary Partner Retirement” (VPR) scheme was introduced, incentivising partners to leave the practice. Those retiring were given a partner’s average…

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